Rank Group Financial Figures Show Downturn in Spanish Bingo Industry

Financial reports from major gambling operators in Spain suggest a slowdown in the Spanish bingo market.

2012-10-26

LEEDS, ENGLAND, October 26, 2012 (Press-News.org) Rank Group has announced financial figures for the 15 weeks leading to 14th October 2012. The bingo hall and casino operator experienced a 5% like for like growth from the same period of last year. The organisation has stated that the growth in the second half of the year is due to the strong performance in trading in the digital channel for Mecca, as well as the popularity of the Grosvenor Casino franchise.

Since 2011, Mecca has seen a like for like growth of 2%, with actual revenue growth standing at 1%. The Grosvenor Casino business has performed considerably well with an 8% like for like revenue growth. This was achieved despite customer visits falling by 5% and was caused by a 13% increase in customer spend per visit.

Digital revenue for Rank Group held the most growth. Grosvenor experienced a huge 72% increase in digital revenue, whilst brick and mortar establishments only grew in revenue by 7%. Mecca venues also suffered in comparison to its digital counterpart, as customer visits were down 3% year on year and 2% on a like for like basis.

The least profitable area of the Rank Group organisation proved to be Top Rank Espana. The Spanish bingo business operates 11 bingo venues across Spain and has been present in the country since 1994. Revenue had decreased by 9%; whilst customer visits in Spain were down by 5% with spend per visit also falling.

This is a disheartening figure for digital bingo operators who are entering the Spanish market under newly acquired licenses by the Spanish Gambling Commission. Bwin.Party has recently launched binguez.es, a Spanish bingo website. Despite stuffgate.com estimating that the website is approximately worth $12,358, the lack of interest from the Spanish market in Top Rank Espana may prove to be an indication of a downturn in overall bingo revenue in the market.

However, binguez.es is likely to fare better than brick and mortar establishments. Rank Group's financial figures indicate that digital bingo products are outperforming physical venues. Mecca's digital bingo rooms experienced an 11% growth compared to a 1% decrease in revenue generated from Mecca venues. The customer base for www.Meccabingo.com continues to grow.

ELSE PRESS RELEASES FROM THIS DATE:

Mahon Enterprises Ltd Concerned as Energy Companies Increase Tariffs

2012-10-26

Mahon Enterprises Ltd. represents one of Ireland's biggest Energy suppliers of both Electricity and Gas. Darren Mahon comments "After hearing of this, we urge the Irish Energy companies not to increase prices. Putting up prices is only pushing people closer to the poverty line. The price of electricity and gas is a huge factor for people living in poverty. Winter bills could be up to EUR500 for an average household which is a colossal amount for families at Christmas time, many of which have several children and are struggling as it is." Mahon Enterprises Ltd. ...

New Book Envisions Solutions to Political Apathy, Gridlock, Campaign Finance

2012-10-26

A new book by John Boik, Ph.D. titled "Creating Sustainable Societies: The Rebirth of Democracy and Local Economies" combines cues from ancient Athens, modern New England and computational sociology to offer a novel solution to current political ills: collaborative direct democracy. "The U.S. political system is in trouble. Apathy is widespread, the two-party system limits the political process, big corporations and wealthy individuals exercise undue influence over legislation and elections, and campaign costs are skyrocketing," said Boik. "With ...

Mark C. Layton Speaking at 2012 Southland Technology Conference

2012-10-26

Platinum Edge, Inc. is pleased to announce that Mark C. Layton, the company's founder, will be a speaker at the 2012 Southland Technology Conference (SoTeC) as part of a breakout session. Additionally, Platinum Edge is supporting the conference as a vendor partner. On Saturday, September 27, 2012 Mark Layton will be speaking in a Structured Networking session from 1:15PM to 2:15PM (PST). The goal is to discuss transitions to agile project management. Mark Layton is an industry-recognized expert on project/program management and active coach on complex agile implementations. ...

Christopher Merrall Comments on One-on-One Education Ideals

2012-10-26

An article published by CNN profiled growing private school chain, Fusion Academy. The school offers an alternative method of learning for students in a modern world, though that flexibility comes at a price. This unique concept caught the attention of veteran educator Christopher Merrall. According to the article, Michelle Rose Gilman established Fusion Academy as a tutoring center in 1989. As the concept grew, it evolved into a new way to educate non-traditional students between grades six through 12. Initially located only in California, the article explains students ...

Alexander Drummond of Charlotte NC: New App Cuts through Politics, Lets Patrons Hear Music They Want

2012-10-26

In the history of all things political, musicians and celebrities have remained outspoken citizens who have voiced their views of modern society. Although these stars have had the ability to challenge the American government and influence millions, other performers, such as DJs, have become boxed into partisan ideology. A recent article from The Los Angeles Times suggests that in the midst of this year's presidential election, many popular DJs face challenges when embracing political ideas. Alexander Drummond, Charlotte, NC resident, is one entrepreneur who has witnessed ...

Miles Arnone Comments on New Article Offering Advice for Holiday Travelers

2012-10-26

A new article from ABC News offers tips to those looking to travel to see family and friends during the Thanksgiving holiday. The article advises planning ahead and allowing extra time to avoid a stressful trip. Miles Arnone, an experienced traveler, supports the article's suggestions. The piece's author emphasizes the importance of early planning when booking a Thanksgiving trip. He explains, "The airlines are bullish on holiday travel...Remember, airlines don't raise prices unless they think people will pay them, so expect packed planes." He goes on to ...

Tampa Cosmetic Surgeon Offers Cosmetic Surgery Financing

2012-10-26

Patients seeking cosmetic surgery in Tampa will find it easier to afford the procedures they want thanks to new financing options available at Castellano Cosmetic Surgery Center (www.castellanocosmeticsurgery.com). The center partnered with CareCredit, an exclusive credit card provider that offers healthcare financing services. With CareCredit, patients can qualify for 24- to 60-month financing with many fixed-rate, low-interest plans. "We partnered with CareCredit because the company has an established reputation in this area of financing," says Dr. Joseph ...

Roseburg Dentist Reaches Out to Patients Through Social Media

2012-10-26

Dr. Rick Campbell, dentist in Roseburg, and his staff are pleased to be using Facebook as a means of online communication with their Roseburg patients. Dr. Campbell hopes that the Facebook page will help him connect with patients online. "I am excited to be jumping into the social media world with our practice's Facebook account. I know that many of our patients use Facebook on a daily basis and I am happy to be a part of that now. I hope that many of our patients will 'like' our Facebook page to start receiving updates from us," said Dr. Campbell, Roseburg, ...

Long-Time San Diego Dentist Offers Alternative Approach to Dentistry

2012-10-26

In a world where Dental professionals are increasingly pressured to maximize revenues and treat as many patients as possible, Stephen A. Lawrence, DDS, stands out. Not only is his San Diego holistic dental practice patient-focused with an emphasis on compassion, it is also holistically centered on non-toxic dental care and nutritional support. Dr. Lawrence strives to make a difference in the world by making a difference in the health -- and mouths -- of his patients. Holistic dentistry combines the science and research of modern dentistry with a focus on the overall ...

Electronic Surveillance: Valid Evidence or Unconscionable Invasion of Privacy?

2012-10-26

Anyone who has ever seen a movie about the mob or watched a few episodes of "Law & Order" is probably familiar with the practice of electronic surveillance. That being said, though, Hollywood is focused on a compelling story, not about conveying the laws behind evidence-gathering practices and bringing criminal charges. Due in no small part to the prevalence of electronic surveillance in television shows and movies, most people think that all the police have to do is either set up a hidden camera or plant a "bug" in someone's phone before sitting ...

Rank Group Financial Figures Show Downturn in Spanish Bingo Industry

ELSE PRESS RELEASES FROM THIS DATE:

LAST 30 PRESS RELEASES: